-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Just another School funding grab. Mental Health…wow, why is the School District in the mental health business? Focus people.
What ails Illinois education isn’t the level of per pupil funding.
Never any discussion of spending cuts, just ways to charge you more.
This will not do a darn thing for your property tax relief just another tax grab to spend spend spend.
Absolutely right. I am from Champaign and the facility upgrades were from a $185 million referendum which was over budget by nearly $100 millions. No RE tax relief.